Abercrombie & Fitch Disappoints On Quarterly Earnings

Abercrombie

On Friday, Abercrombie & Fitch Co reported a third continuous quarter of falling same-store sales indicating the retailers re-branding strategy is not proving as popular as it was hoped. The New Albany, Ohio based company, said profit fell by 81%, as sales dropped 6% at stores open over 12 months during...

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Ernst & Young

Ernst & Young Fined $9.3 Million For “Personal Relationships” With Clients

Two former partners at the auditing firm were found to be in personal relationships with their clients. Ernst & Young LLP was charged $9.3 million...

Bayer Monsanto

Bayer, Monsanto Seals $66 Billion Takeover Deal

Regulators are expected to thoroughly review the merger with potentially a 50 percent chance the deal will pass clearance. Bayer and Monsanto will be pushing...

Wells Fargo

Wells Fargo Drops Sales Goals After Account-Opening Scandal

Wells Fargo has been accused of creating 2 million fake customer accounts to hit sales targets. In a move to assure regulators, lawmakers and clients,...

Activia

Danone Guidance Inches Higher On Cost Controls

The company is currently working on relaunching its popular products, Activia yogurt and Actimel fermented milk products. French yogurt maker Danone said...

Avianca

United Continental, Delta Air Lines Eyes Bid For Avianca Holdings SA

Avianca is attempting to raise $500 million. United Continental Holdings Inc (NYSE: UAL) and Delta Air Lines Inc (NYSE: DAL) will possibly bid for Colombia’s...

Michael Dell

Michael Dell And Silver Lake Partners Found To Have Underpriced Buyout By 22%

Michael Dell and Silver Lake Partners will have to pay investors an additional $36 million. Following a ruling made by a judge in Delaware, Michael Dell...

Scotiabank

Nova Scotia Earnings Down 12%, Beats Wall Street Expectations

The banks shares have risen by 16% during the year. Higher losses from energy loans and restructuring charges to pave the way for digital banking saw the...

Lufthansa

Lufthansa Suspends Flights Venezuela Due To Economic Turmoil

Lufthansa said flights would be suspended from June 18. International companies are withdrawing their businesses in Venezuela due to worsening economic,...

Eddy Cue

Apple’s Bid To Create Content Included Time Warner

Eddy Cue, Apple’s senior vice president of Internet Software and Services is believed to have proposed the acquisition. Apple’s senior vice...

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